Hints and tips:
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...Investors have long considered South Africa to be somewhat of a “poison pill” for the mining company. The company’s largest investor is state entity Public Investment Corporation....
...The hedge fund holds a $1.6bn stake in Union Pacific, making it one of the railroad’s largest shareholders....
...David Cumming, head of UK equities at Newton Investment Management, added that individual investors in particular would lose some safeguards, leaving them “vulnerable.”...
...After years of cost cutting, operating margins at big rail companies have peaked. Union Pacific and Norfolk Southern’s valuations reflect this....
...Post-it maker 3M, oilfield services company Halliburton, railroad operator Union Pacific and homebuilder DR Horton are also due to publish results....
...Other earnings: Railroad operator Union Pacific could give insight into whether companies shipping products are responding to higher inflation by seeking cheaper alternatives to air freight....
...They include employees of the largest carriers in North America, such as Union Pacific, CSX and BNSF, a business owned by Warren Buffett’s Berkshire Hathaway....
...Railroad company Union Pacific added emissions rules to a list of factors that could drive up its costs. General Dynamics declined to comment and Union Pacific did not immediately have a comment....
...Freight rail accounted for an estimated 28 per cent of US freight movements in 2020, according to an analysis of transportation department data by carrier Union Pacific....
...As it stands, there are two competing big operators in Canada (CP and Canadian National), CSX and Norfolk Southern in the eastern US and Union Pacific and BNSF in the west....
...The union representing the longshore and warehouse workers at the west coast ports has been engaged in talks with the Pacific Maritime Association, while railroads have also held discussions with unions...
...US railroad Union Pacific on Sunday said it would replace its chief executive Lance Fritz this year. Investcorp is opening an office in Tokyo....
...Secondly, Lex reported on investors Trillium Asset Management and Impact Shares calling on railroad companies Union Pacific and Norfolk Southern to offer paid sick leave to eligible workers....
...“The railroads aren’t throwing money at their workers and their current relationship with the labour unions isn’t what you’d characterise as friendly.”...
...Lane is a director of NextEra Energy and retailer TJX Companies, while Vena recently served as chief operating officer of railroad company Union Pacific Corporation....
...The financial impact of wildfires and heavy rains on the Union Pacific railway so far this year could top $100m, as intensifying effects of climate change brought cascading disruptions to the company’s 32,000...
...Meanwhile, other Chinese tech companies are suffering from tighter regulation at home....
...Results from Snap will be closely watched after last month’s profit warning and transport companies American Airlines, Alaska Air and railroad operator Union Pacific, also report earnings....
...As an investor in several North American railroad companies, Hohn’s TCI is also pressing Canadian National Railway, Canadian Pacific Railway, and Union Pacific Railway to seek regulations to cover emissions...
...Union Pacific and Norfolk Southern both say they move a ton of freight 444 miles on a single gallon of diesel. The industry continues to invest to improve its sustainability....
...The Canadian-born executive retired from his post at CN in 2016 and later joined Union Pacific, the largest listed US railroad company, as chief operating officer and then senior adviser....
...Freeman said he was “reaching out to science allies” outside the EU including Australia, Canada, Israel, Japan and other countries in the Asia-Pacific region....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
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